High gas prices represent an opportunity for those already producing, but those working on new supplies are feeling the need to accelerate plans. Floating LNG (FLNG) offers one solution, being faster to market than onshore projects.
Exploration is back, emissaries of some of the world’s top oil companies have said, with Africa in a strong position to meet new demand.
Eni’s Scope 1 and 2 emissions increased in 2021, largely as a result of its African operations, but it offset this through the acquisition of 2 million tonnes of CO2 equivalent in forestry credits.
Italy has secured a deal to increase gas supplies from Angola, following high level talks between Italian Minister of Foreign Affairs Luigi di Maio and Angolan President João Lourenço.
Africa will play a critical role in providing more supply for Eni’s portfolio, CEO Claudio Descalzi set out during the company’s capital markets day.
Shelf Drilling has won a contract for one of its jack-up rigs to work offshore Nigeria, for 225 days.
Eni has signed a heads of agreement (HoA) with New Fortress Energy (NFE) for an LNG facility in Congo Brazzaville.
Flames broke out on a walkway yesterday in a dramatic display for Perenco, offshore Congo Brazzaville.
Glencore has reported strong earnings for 2021, although in terms of energy it was largely driven by coal, rather than oil.
The industry drilled more wells in 2021 than 2020, IHS Markit has reported, with notable successes in high impact wells adding new resources.
TotalEnergies and Inpex are selling out of Angola’s offshore Block 14, transferring their interests to locally owned Somoil.
Norway’s Økokrim has visited PetroNor E&P offices to bring charges against “some individuals”.
AIM-listed ADM Energy is coming under sustained pressure from major shareholders as it fights to hold on to a contested oilfield in Nigeria.
Exploration companies big and small are warming up for a busy next 12 months – although some have warned this may be the last such push in the energy industry.
New Age (African Global Energy) expects to bring on its Etinde gas project, in Cameroon, and Marine III, off Congo Brazzaville, in 2024.
An Italian judge has approved a settlement with Eni over alleged corruption in Congo Brazzaville.
Total has signed a deal with Forêt Ressources Management (FRM) to plant a 40,000 hectare forest in Congo Brazzaville.
Zenith Energy has successfully bid for the Tilapia II licence, as the company closes out its Azerbaijani interests.
Sapura Energy has won a number of contracts, including pipeline works for Qatar’s Al-Khalij field, from Total E&P Golfe.
Recently launched Kariya Energy intends to sign up marginal fields in West Africa, the company’s director Gerd Nji has said.
PetroNor E&P has posted EBITDA of $4.2 million for the first quarter of 2020, down from the $20.6mn posted for the same period in 2019.
Zenith Energy is no longer the operator of the Tilapia licence in Congo Brazzaville, the company has said.
Zenith Energy has paid $250,000 to Kuwait Foreign Petroleum Exploration Co. (KUFPEC) as a first payment for its acquisition of the Sidi El Kilani concession in Tunisia.
Qatar Petroleum (QP) has signed farm-in agreements with Total on two blocks offshore Cote d’Ivoire.
Vantage Drilling has declared force majeure for two of its rigs, one of which as a result of a coronavirus outbreak.